FBRT
Bargain BinFranklin BSP Realty Trust, Inc. · Real Estate · United States · $518M cap · $8.0M/day traded
$6.30 -0.9% · close 11 Nov · scored 11 Nov
Bargain Bin: Looks like a bargain; the quality and the trend say why it is in the bin.
After its 28 Oct results, analysts cut next year's EPS estimate 11.9%.
As of 11 Nov 2026, the MoatMap Score for Franklin BSP Realty Trust, Inc. (FBRT) is 32/100, ranked against 25,000+ stocks in 38 markets (Quality 41, Value 55, Momentum 26, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT FRANKLIN BSP REALTY TRUST, INC.
Read
Franklin BSP Realty Trust, Inc. is a commercial real estate finance company that originates, acquires, and manages a portfolio of commercial real estate debt investments, primarily floating-rate first mortgage loans. As a REIT, it benefits from an experienced management team and robust origination platform, enabling access to diverse credit opportunities. Franklin BSP Realty Trust is a mortgage REIT specializing in transitional commercial real estate debt, aiming for attractive risk-adjusted returns.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 367.4M | 569.5M | 548.9M | 501.0M | 10.9% | 234.3M | 518.7M | 520.1M | 1.9% |
| EPS | -0.38 | 1.42 | 0.82 | 0.65 | -32.3% | -0.10 | 0.62 | 1.18 | 34.8% |
| Shares | 83.0M | 82.8M | 83.1M | 81.6M | -1.7% | 75.7M | — | — | — |
| Debt | 4.4B | 4.2B | 4.3B | 4.3B | -1.5% | 3.9B | — | — | — |
| Equity | 1.6B | 1.6B | 1.5B | 1.4B | -2.7% | — | — | — | — |
| Op CF | 152.5M | 197.4M | 57.2M | 291.9M | 24.2% | 216.6M | — | — | — |
| Inv CF | 3.1B | 380.8M | -155.5M | 380.8M | — | — | — | — | — |
| Fin CF | -3.2B | -425.0M | -48.6M | -684.4M | — | — | — | — | — |
No new 52-week low for 3 weeks, 8% above that low, but not back above a rising 50-day average.
Calmer than 71% of stocks we rank over the past year (volatility 31% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Real Estate, ranked by industry match, size, and score similarity. Cross-listings of FBRT are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| FBRT | Franklin BSP Realty Trust, Inc.(you) | $518M | 32 |
| ADAM | Adamas Trust, Inc. | $702M | 31 |
| BRSP | BrightSpire Capital, Inc. | $463M | 25 |
| TRTX | TPG RE Finance Trust, Inc. | $482M | 40 |
| MFA | MFA Financial, Inc. | $673M | 22 |
| PMT | PennyMac Mortgage Investment Trust | $849M | 25 |
| IVR | Invesco Mortgage Capital Inc. | $604M | 15 |
| NREF | NexPoint Real Estate Finance, Inc. | $360M | 47 |
| CIM | Chimera Investment Corporation | $704M | 15 |
| KREF | KKR Real Estate Finance Trust Inc. | $337M | 15 |
Peer medians: ROE 4.3% · P/E 23.9x · Gross margin 65.7%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.